greater vancouver board area TOWNHOME - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 18% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 55% VS 2023
▼ 3% VS 2023
▼ 4% VS 2023
▼ 19% VS 2023
There were 1,579 townhome listings in the Greater Vancouver board area in August, 3% below July and 55% higher than August 2023. August townhome sales decreased by 20% month-over-month, to 286, and were 19% below August 2023. The sales-to-listing ratio for townhomes in the Greater Vancouver board area, at 18%, reflected a balanced market. The townhome median price in August was $1,019,000, a 4% decrease from July and 4% below August 2023. The average sold price was $1,094,993, 3% below last month; the average PSF sale price was $745, down 3% to last month.
THIS MONTH No. $745 $1,094,993 $1,019,000 18% 286 1,579
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$792 $1,123,166 $1,065,000 34% 351 1,020
-47% -19% 55%
$768 $1,133,498 $1,065,375 22% 358 1,633
-17% -20% -3%
-3% -3% -4%
-6% -3% -4%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● AUG 2023 ● AUG 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,539
1,579
1,633
1,607
1,389
1,218
1,173
1,116
1,030
1,142
1,020
872
863
455
438
399
358
319
298
267
351
286
370
302
220
179
$1.07M $1.10M $1.05M $1.05M $1.05M $1.07M $1.08M $1.10M $1.09M $1.08M $1.10M
$1.07M $1.02M
REBGV
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
350
51
4+ bdrms
300
270
250
165
200
3 bdrms
864
150
31%
24%
67
100
19%
19%
2 bdrms
15%
400
9%
10%
50
4%
0
3
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
45
S-L RATIO SALES INVENTORY
47 9 19%
169 53 31%
324 79 24%
321 62 19%
341 51 15%
243 23 9%
63 6 10%
71 3 4%
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of September 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 9 ●
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